starting from scratch would have been easier

My to-do list over the past year has just kept growing and growing, but the main thing I keep focusing on is rebuilding my credit. I was an idiot with my finances when I first moved to Minnesota over five years ago, and anyone that tries to approve me for a loan can probably tell you the same thing. I was young. They didn’t teach me it in school. I can use whatever excuse I want, but it doesn’t just automatically make those negative credit marks disappear. Unfortunately.

It wasn’t until about three months ago that I wound up with another credit card. None of those cash back credit cards for me, though. My cute little baby card with its $300 limit is slowly helping me boost that credit score when I pay it down every month. No, I didn’t think to compare credit cards or worry about the company that’s going to offer me better balance transfers, because anyone in their right mind is going to turn me down. I took the first one I “qualified” for an ran with it.

It makes me kind of happy that over the past year, my credit score has jumped 30 points. That’s not a lot, but from where I’m at, there’s really nowhere else to go up out of the cellar. So, hey, I’m happy. And it doesn’t take much these days.

2 Comments

  1. said:

    Nice work. Credit scores can improve dramatically if you consistently pay on time and even faster if you pay more than minimums. Keep at it!

    August 14, 2007
    Reply
  2. said:

    Woo, lawdy, this is one of the things that stresses me out the most. I made some monumentally stupid financial decisions and am still paying for them (ha!).

    It’s a painfully slow process. But good for you for keeping at it.

    August 15, 2007
    Reply

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